Oil | Egypt Oil & Gas - Part 2
Iraq PM Presses for Fair OPEC Share Amid Washington Investment Push
Iraq’s Prime Minister Ali al‑Zaidi said on Tuesday that the country must secure a fair share within the Organization of the Petroleum Exporting Countries (OPEC), responding to reporters who asked whether Baghdad was w...
Madbouly Reviews Measures to Secure Petroleum Stockpiles
Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources; Ahmed Kouchouk, Minister of Finance (MoF); Hassan Abdalla, Governor of the Central Bank of Egypt (CBE); and Tarek El-...
Kuwait’s Crude Oil Output Climbs 184.5%
Kuwait’s crude oil output surged by 184.5% month on month (M-o-M), reaching 1.65 million barrels per day (mmbl/d) in June 2026, a source familiar with the matter said on June 30, as the Organization of the Petroleum E...
Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base
Maridive & Oil Services reported a profit in the first quarter (Q1) of 2026, supported by higher revenues and lower costs. According to the unaudited standalone financial results approved by the Board of Directors...
Iraq Moves to Diversify Oil Exports via Syria Amid Hormuz Disruptions
Iraq is preparing to export crude oil and naphtha through Syrian ports after the Iran war disrupted its main Gulf shipping routes, according to Iraqi and Syrian energy officials and refinery sources, Reuters reported....
KPC Returns to Spot Market Amid Iran War Disruptions
Kuwait Petroleum Corporation (KPC), a state-owned company, has offered prompt-loading fuel products on the spot market for the first time since the outbreak of the Iran war, four sources familiar with the matter reve...
Saudi Arabia Faces Summer Power Crunch
Saudi Arabia to increase its reliance on imported fuel oil for power generation this summer, following a loss of natural gas supplies from oilfields shut down after the Iran war curtailed its oil exports, analysts exp...
OPEC Cuts 2026 Oil Demand Forecast Amid Strait of Hormuz Closure
The Organisation of Petroleum Exporting Countries (OPEC) reduced its forecast for global oil demand growth in 2026, citing the impact of the ongoing war in Iran, which has effectively closed the Strait of Hormuz, a c...
